China’s Production and Market of Paraformaldehyde - Analysis & Forecasts to 2022, With a CAGR of 4.29% from 2015-2017 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 31, 2018--The “Production and Market of Paraformaldehyde in China” report has been added to ResearchAndMarkets.com’s offering.
China’s paraformaldehyde (PF) industry has witnessed a fast development in the past few years. China is still a net PF importer, though its PF export volume had increased rapidly since 2009. There are still two main technologies to produce PF, namely rake drying method and spray drying method.
The domestic PF production is mainly distributed in Hebei, Shandong and Jiangsu provinces, relying on abundant supply of raw materials especially methanol and convenient transportation. As there are more and more producers, China’s PF output has increased substantially, with a CAGR of 4.29% from 2015 to 2017. It reached to 262,650 tonnes in 2017, increasing by 4.10% over that of the previous year. But the speed of increase had slowed down as the environmental protection policy. With the rising domestic demand, the demand for PF is expected to keep increasing from 2018 to 2022.
In China, PF is mainly consumed in agrochemical, resin and pharmaceutical industries, etc. The agrochemical industry is the largest consumption field of PF. The PF consumption volume in agrochemicals, mainly including glyphosate, acetochlor and butachlor, was 219,230 tonnes in 2017, up by 3.16% year on year. Meanwhile, the growing resin demand from overseas market, resulting in the consumption of PF in resin industry was up by 5.99%.
Companies MentionedAnhui Denuo Chemical Co. Chengdu Weite Plastic Co. Hebei Hongchen Chemical Co. Hebei Yuhang Chemcial Co. Hengshui Yinhe Chemical Co. Jiangsu Sanmu Group Co. Jinan Xiangrui Chemical Co. Linqu Outai Chemical Co. Linyi Taier Chemtech Corp Linyi Yongda Formaldehyde Factory Nantong Jiangtian Chemical Co. Shandong Binzhou Xintianyang Chemical Co. Shandong Shuangqi Chemical Co. Shouguang Xudong Chemical Co. Wanhua Chemical (Ningbo) Co. Xinle Yongxing Chemical Factory Zhejiang Ailide Chemical Co. Zhenjiang LCY General Chemical Co. Zibo Qixing Chemical Technology Co. Zouping Qixing Chemical Co.
Key Topics Covered:
1 Market information of paraformaldehyde
2 Production situation of paraformaldehyde in China
3 Import and export analysis of paraformaldehyde in China
4 End use segments of paraformaldehyde in China
5 Forecast on paraformaldehyde industry in China
7 Paraformaldehyde producers in China, 2017
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Related Topics:Adhesives and Sealants,Oilfield Chemicals
KEYWORD: ASIA PACIFIC CHINA
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 07/31/2018 04:39 AM/DISC: 07/31/2018 04:39 AM